Citrus Springs Charter School

Analysis

Citrus Springs Charter School is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Citrus Springs Charter School reported income of $6.8m and spending of $5.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $6.8m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citrus Springs Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Warrior-Scholar Project Foundation ($6.8m), Friends of Appleton Library Incorporated ($6.9m) and Yuma Catholic High School-Yuma Arizona ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $24k (0.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.9m against liabilities of $1.5m, net assets of $3.3m. It reported 62 employees.